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Issue No. 11 27 October 2009

Highlights

· Stimulus package to stay till full recovery, says Finance Minister

· India’s economy to stabilize in 6 months

· FDI rises 56% in July

· Indian Telecommunication Industry growth

· India speeds past China in auto export

· India to turn world’s third largest steel producer in 2009

· FII inflows touch $ 10 billion

· Revival sign in the index of industrial production (IIP)

· Revolutionary changes in Indian markets

· Air traffic up in August

· India signs civil nuclear deal with Mongolia

· Pharma exports grow 29% in 2008-09

· CERC notifies tariff regulations for green power

· India successfully launches Oceansat-2, six European satellites

· Mission Mars between 2013 to 2015

· Cameco of Canada eyeing Indian uranium market

Stimulus package to stay till full recovery, says Finance Minister

Addressing a press conference in Bangalore on 22 September, Finance Minister Pranab Mukherjee said that the economic stimulus package to protect the country from the global financial crisis would continue till the economies of Europe and the US recover. On rising prices of essential commodities, he said the government was encouraging imports of commodities like sugar, edible oil and pulses to arrest the rise. All the state governments have also been asked to revamp the public distribution system so that the people below poverty line were protected by subsidizing rice, sugar, wheat and kerosene oil, he added.

India’s economy to stabilize in 6 months

Speaking to reporters on 14 September, Dr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission said that India’s economy will stabilize in the next few months and the country will remain a favoured destination for foreign investors as normality returns to global markets. “I think the capital flows into India will not be adversely affected. In fact, when the (global financial) system stabilizes, I think people will recognize India remains one of the fastest growing countries in the developing world”, he said. He further added that India will not have any difficulty in getting the amount of capital what it wants.

Speaking to reporters on the sidelines of an event organized by the United Nations in early October, Dr. Ahluwalia said that the GDP would be at 6.3 per cent by the end of this fiscal, as predicted, but could be even better given the signs of economic recovery.

FDI rises 56% in July

Commerce and Industry Minister Anand Sharma announced that foreign direct investment inflow to India was $ 3.5 billion in July – 56 per cent higher than in the same month a year ago. The inflow was higher than $2.5 billion received during June and $2 billion received during May this year. The sectors that attracted strong FDI inflows are services, housing and real estate and construction activities. Major investor countries are Mauritius, the US, Cyprus, Japan and Singapore.

According to a news report on world investment prospects brought out by the United Nations Conference on Trade and Development (UNCTAD), India has been ranked third in global foreign direct investments this year, following the economic meltdown, and will continue to remain among the top five attractive destinations for international investors during the next two years. Major factors being attributed to the revival of foreign direct investment in India include bilateral investment policies and reforms, innovative and technologically advanced products being manufactured in India and low cost and effective solutions.

Indian Telecommunication Industry growth

The Indian telecommunications industry is one of the fastest growing in the world and India is projected to become the second largest telecom market globally by 2010. During July 2009, approximately 14.25 million telephone connections, including wirelines and wireless, were added. India is currently adding 8-10 million mobile subscribers every month and it is estimated that by 2012 around half the country’s population will own a mobile phone. It is projected that the industry will generate revenues worth US$ 43 billion in 2009-10. India has become the second country in the world to have more than 100 million CDMA-based (code division multiple access) mobile phone subscribers after the US, which has 157 million CDMA users. India’s telecom equipment manufacturing sector is set to become of the largest globally by 2010.

According to the CII Ernst & Young report titled 'India 2012: Telecom growth continues', revenue from India's telecom services industry is projected to reach US$ 54 billion in 2012, as against US$ 31 billion in 2008.

The Government of India has taken many proactive initiatives to facilitate the rapid growth of the Indian telecom industry.

• 100 per cent foreign direct investment (FDI) is permitted through the automatic route in telecom equipment manufacturing.
• FDI ceiling in telecom services has been raised to 74 per cent.
• Introduction of a unified access licensing regime for telecom services on a pan-India basis.
• Introduction of mobile number portability in a phased manner, starting in the fourth quarter of 2008.
• The government is implementing a program of connecting 66,822 uncovered villages under the Bharat Nirman programme. The government will invest US$ 2 billion to set up 112,000 community service centres in rural India to provide broadband connectivity in 2008-09.
• The Department of Telecommunications (DoT) has stated that foreign telecom companies can bid for 3G spectrum without partnering with Indian companies. Only after winning a bid, would they need to apply for unified access service license (UASL) and partner with an Indian company in accordance with the FDI regulations.

India speeds past China in auto exports

Between January and July 2009, India exported a total of 2.30 lakh (0.23 million) cars, vans, SUVs and trucks registering a growth of 18% as against China’s export of 1.65 lakh (0.16) units. It seems the ‘Made in India’ tag, especially in the small car segment, has clearly acquired a global cachet, helping auto exports grow even as other countries suffered a slump. Cheap labour costs and especially-tailored lower manufacturing tax (8% excise duty) make small car manufacturing in India a highly-competitive option for foreign car manufacturers such as Suzuki, Hyundai, Nissan, GM, Toyota, etc. Industry experts pointed out that India scores due to its liberal investment policies and high quality manufacturing which stems from its growing prowess in research and development.

India to turn world’s third largest steel producer in 2009

Going by the production figures for April-August 2009, which saw production of 22.14 million tonnes of steel – a jump of 6.6 per cent over the same period last year – India is likely to emerge as the third largest producer of steel in the current year itself. India had earlier set the target of becoming the world’s third largest steel producer by 2013. Last year, with an output of 55 million tonnes, India was ranked fifth in the world after China, Japan, the US and Russia.

FII inflows touch $ 10 billion

Foreign institutional investors’ inflows into the Indian equity markets touched $ 10 billion during the first six months (April-September) of current fiscal year. This is an encouraging sign since the investors had pulled out $ 11.54 billion from the equity markets during 2008-09. Bulk of these investments are reported to have come through the primary market rather than buying via secondary markets. The rupee’s depreciation against the dollar seemed to have helped FII net investments to cross $ 10 billion.

Revival sign in the index of industrial production (IIP)

The data released by the Central Statistical Organization showed that the industrial output as measured by the index of industrial production (IIP) clocked an annual growth rate of 6.8 per cent in July making it the second consecutive month of buoyant industrial growth after a weak show that began last October. With the positive signs in industrial activity in August which includes automobile sales, cement and steel production, economists and policy makers are expecting the industrial growth rate to gather further pace in coming months and offset the impact of contraction in the agriculture sector. Finance Minister Pranab Mukherjee talking to the media after the IIP numbers were released said that the pace of industrial production is picking up and hoped that place will continue.

Revolutionary changes in Indian markets

With market liberalization, increasing consumerism and the entry of more foreign players, Indian markets are seeing revolutionary changes. The Indian consumer is rapidly evolving and is spoiled for choice by a host of international brands selling their products at competitive prices.

A study by McKinsey Global Institute (MGI) shows that India’s middle class will swell by more than ten times from its current size of 50 million to 583 million by 2025 making India the 5^th largest consumer market moving up from the 12 position it occupied in 2007. In this, the rural market offers great untapped potential which registered a growth of 25 per cent in 2008 as against 7-10 per cent growth in the urban consumer retail market. According to international consultancy firm Celent, the rural market in India will grow to a potential of US$ 1.9 billion by 2015 from the current US$ 487 million.

Air traffic up in August

According to the data released by the Directorate General of Civil Aviation (DGCA) on 14 September, domestic aviation industry registered a 26 per cent growth in August this year. Domestic airlines flew 3.67 million passengers in August against 2.92 million during the corresponding period last year. According to DGCA, all the carriers witnessed higher occupancy level in their flights during this period with low-cost carriers showing a better performance. Cumulative air traffic numbers for January-August this year, however, remained in the negative territory.

Pharma exports grow 29% in 2008-09

Commerce and Industry Minister Anand Sharma disclosed on 28 September that exports of pharmaceuticals and fine chemicals increased 29 per cent at Rs. 39,538 crores (US$ 8,23 billion) compared with the year-ago period. Exports in the sector had grown at a compounded annual growth rate of 17.8 per cent during the five year period 2003-04 to 2007-08. Indian generic medicines have established their lead in most of the countries, particularly Africa, he added.

CERC notifies tariff regulations for green power

On 17 September 2009, the Central Electricity Regulatory Commission, India issued a press release notifying tariff regulations for electricity generated from renewable energy sources in view of a statutory mandate for promoting co-generation and generation of electricity from renewable sources of energy. These regulations assume special importance in view of the National Action Plan on Climate Change which stipulated that minimum renewable purchase standards may be set at 5% of the total power purchases in year 2010 and thereafter should increase by 1% each year for ten years. The new tariff regulations are expected to promote new investments so that renewable electricity supply could expand. The action plans calls for 5% of electricity generation in India to be from renewable sources by 2010.

India successfully launches Oceansat-2, six European satellites

On 22 September, ISRO placed in orbit seven satellites including Oceansat-2 within a span of 20 minutes on Wednesday, its first successful mission after the abrupt end of the ambitious Chandrayaan-I project.

At the end of the 51-hour countdown, the 44.4 meter tall four-stage PSLV-C14 blasted off from the first launch pad at the Satish Dhawan Space Centre in Sriharikota with ignition of the core first stage and put the satellites in orbit one after another. The launch watched by Vice President Hamid Ansari. Vice President Hamid Ansari and senior scientist M G K Menon, who were present in the mission centre, congratulated ISRO scientists soon after the successful launch

Oceansat-2, the country's 16th remote sensing satellite, will identify potential fishing zones, sea state forecasting and coastal zone studies, besides providing inputs on weather forecasting and climate studies.

A set of six nano satellites rode piggyback accompanying Oceansat-2 on its trip to orbit.
Besides two German Rubin nano satellites, other Oceansat-2 co-passengers are four cubesats: Beesat, built by Technical University Berlin, UWE-2 (University of Wuerzburg Germany), ITU-pSat(Istanbul Technical University Turkey) and SwissCube-1 (Ecole Polytechnique Federal de Lausanne, Switzerland). ISRO Chairman G Madhavan Nair, addressing scientists, described it as "a perfect and precise launch."

Mission Mars between 2013 - 2015

India will undertake Mission Mars during 2013 to 2015, Indian Space Research Organisation (ISRO) Chief G. Madhavan Nair said.

Speaking on the sidelines of a conference on low cost planetary missions, Mr. Nair said that the ISRO had called for proposals from various scientific communities in preparation for Mission Mars. The project would be taken up after Chandrayan II," he said, adding that Mission Mars would be following the low cost concept of operation.  He said Mission Mars was still in a conceptual stage.

India signs civil nuclear deal with Mongolia

On 14 September, India and Mongolia signed a civil nuclear agreement for the supply of uranium to India. Mongolia is now the fifth country in the world with which India has signed such an agreement in recent months. The agreement was signed during the visit of Mongolian President Tsakhia Elbegdorj to India. The Government of India also announced a soft loan of $ 25 million to rejuvenate Mongolian economy. India has assured assistance to Mongolia in the field of education, particularly in the teaching of English and information technology.

Cameco of Canada eyeing Indian uranium market

On 7^th September, Canada’s Cameco Corporation, the world’s second largest producer of uranium after Rio Tinto, announced the opening of an office in Hyderabad with Dr. C. Ganguly as President of the office who will lead Cameco’s business activities in India, advise the company on developments and opportunities in the country’s fuel markets, and represent Cameco in its dealings with the Indian government.

Mining – an important sector for Foreign Direct Investment in India

India is endowed with huge resources of many metallic and non-metallic minerals. India produces as many as 89 minerals which include 4 fuels, 11 metallic, 49 non-metallic, 3 atomic and 22 minor minerals. The wide availability of the minerals in the form of abundant rich reserves made it very conducive for the growth and development of the mining sector in India. The metallurgical and mineral industries form the bedrock of industrial development and play a very important role in the development of Indian economy. The mining sector in India contributes roughly 3 per cent to the country’s GDP and currently employs over 1.1 million people. The public sector accounts over 85 per cent of the total value of mineral production in the country. For the past three decades, the Indian mining industry has been progressing at an annual rate of 4-5 per cent. However, the Government is committed to withdraw from the non-strategic sectors and accordingly the public sector undertakings are being privatized in a phased manner.

The total value of mineral production (excluding atomic minerals) during 2006-07 was estimated at US$ 21.88 billion with fuel minerals representing US$ 15.92 billion (73%), metallic minerals US$ 3.20 billion (15%) and non-metallic minerals US$ 2.76 billion (12 per cent).

On the export front, diamond (mostly cut) is the principal item with 80% share, followed by iron ore, granite, alumina, zinc, precious and semi precious stones, etc.

Government in the mining sector

The Government has a presence in areas such as survey and exploration (Geological Survey of India; Mineral Exploration Corporation Limited), regulation and conservation (Indian Bureau of Mines), and mining and processing (Hindustan Copper Limited; National Aluminum Company Limited).

Investment Opportunities

· Vast opportunities for private and foreign investors to set up production facilities and tap large domestic market and international potential

· Encouragement to induction of foreign technology and private participation in exploration and mining of high value and scarce minerals

Foreign Direct Investment

Mining and minerals industry in India is one of the sectors which attract sizeable foreign direct investment. All investments including FDI in the Indian mining and minerals industry were earlier governed by the Mines and Minerals (Development and Regulation Act 1957). However, in 1999, the Government introduced changes to liberalize and encourage the investments in this sector. The main highlights of these changes are as under:

· FDI limit raised to 74% for the exploration and mining of diamonds and other such precious stones.

· 100 per cent FDI allowed in exploration and mining of gold and silver and minerals other than diamonds and precious stones, metallurgy and processing.

· 100 per cent FDI allowed on the automatic route metallurgy and processing.

· 100 per cent FDI is allowed for setting up coal processing plants subject to the condition that the company should not be engaged in coal mining.

Useful Links

Ministry of Mines website: www.mines.nic.in

India-Canada Bilateral Trade and Investment

Bilateral trade figures for the quarter January-July 2009 are as under:

[Figures in thousand US dollars at the current rate]

Description	Jan-July 2008	Jan-July 2009	Percentage change
India’s Total Exports	1,188	1,024	(-) 13.8
India’s Total Imports	1,068	857	(-) 19.7
	2,256	1,881	(-) 16.6

[Source: Statistics Canada]

Ongoing global economic recession has taken its toll on India-Canada bilateral trade. India’s exports to Canada during the month of July in current fiscal registered an increase of 7% over the previous month whereas India’s imports from Canada during the same period showed a much higher increase, 38.9%. However, overall bilateral trade in the first seven months of 2009 registered a 16.6% decline over the same period last year.

Direct investment from India in Canada and Canada's direct investment in India showed a steady growth during the last five years.  From a small figure of investment of C$ 92 million from India in Canada in 2004, it grew to C$ 1022 million by 2008.  On the other hand, Canadian investment in India grew from C$ 214 million in 2004 to C$ 801 million in 2008.  Indian investments in Canada have shown a faster growth as compared with Canada's investments in India.  Most of the Indian investments have been made in IT, communications, steel, services, banking, etc. sectors. Canadian investors are present in Indian banking, insurance, financial services, engineering and consultancy services, automotive, aerospace, aviation training, power, infrastructure, oil and gas sectors. Bilateral investment figures for the last five years are as under:

[Figures in million Canadian dollars]

Details	2004	2005	2006	2007	2008
India’s investment in Canada	92	171	211	430	1022
Canada’s investment in India	214	319	806	644	801
Total	306	490	1016	1074	1823

[Source: Statistics Canada]

Recent major investments/joint ventures by Indian companies in Canada are:

- VSNL, Tata Group, bought Teleglobe International Holdings for $ 239 million in 2006.

- Chennai-based Carborundum Universal Ltd. through its subsidiary, CUMI Canada Inc., has acquired the business of Abrasive Enterprises Inc. (AEI), Summerside, Prince Edward Island. The value of the acquisition is C$2.25 million. AEI is a manufacturer and exporter of coated abrasives and other abrasive products. (2006)

- Aditya Birla Group acquired Canada’s BPO firm, Mincas Worldwide, for $ 125 million in 2006.

- Hindalco Industries Limited, a flagship company of the Aditya Birla Group, acquired Novelis Inc., Canada in an all-cash transaction which values Novelis at approximately US$ 6 billion.

- Essar Global Limited signed an agreement for the acquisition of Algoma Steel at a total cost of US$ 1.58 billion (C$ 1.8 billion). (2007)

- Apollo International Limited signed a joint venture for US$ 250 million with Toronto based Spire Group Limited to construct and operate up to 15 temperature controlled warehouses in India (2008).

- Aditya Birla Group announced in 2008 that it has increased its stakes in two joint venture companies in Canada for a total amount of C$ 9 million. It has increased its stake from 25 to 45% in AV Cell Inc. and an additional 2o% stake in AV Naclawic.

On 22 October 2009, Bengal Energy International Inc. (BEII) which is a wholly owned subsidiary of Bengal Energy Ltd., Calgary, Canada has been named the provisional winner of block CY-OSN-2009/1 by India’s Directorate General of Hydrocarbons (“DGH”). The DGH made the decision in the recent New Exploration Licensing Policy bid round (“NELP VIII”) which took place on October 12, 2009 in New Delhi, India. The committed work program capital expenditure is estimated at US$2,020,000 (about $6/acre). The Company expects to sign a production sharing contract with the Government of India (“GOI”) in January 2010, turning the provisional award of block CY-OSN-2009/1 into a formal agreement.

On the other hand, some of the recent investments/joint ventures by Canadian Companies in India are:

- Quebec's Mediagrif Interactive Technologies Inc. acquired a 50% interest in Mumbai-based Centerac DMCC for US$1 million. (Feb. 2006)

- Magna Powertrain, a division of Aurora-based Magna International that produces powertrain and drivetrain components, formed a 50-50 joint venture with its long-term parts supplier Amtek Auto of India. (2006)

- CAE Inc., a Montreal-based provider of simulation and modeling technologies for civil aviation and military customers, will establish its first Indian aviation training centre in Bangalore, India. The training centre which will train up to 1,000 pilots annually, involves an investment of approximately US$20 million. (2007)

- Urbana Corporation has taken a C$26.5 million interest in the Bombay Stock Exchange (BSE). This purchase was made indirectly by way of an investment in shares of Caldwell India Holdings Inc. (CIH) and was facilitated by Caldwell Asset Management Inc., Urbana’s investment manager. The CIH acquisition of 308,888 BSE shares cost approximately C$43.5 million, with Urbana owning 60.9% of CIH’s equity shares. Urbana is a Toronto-based investment company focused on buying seats and shares in private and public securities exchanges around the world. (2007)

- Montreal-based Alcan Inc. acquired 76% of the shares of Mumbai, India-based Alukbond India Private Ltd. The Indian company will be renamed Alcan Composites India Private Ltd., Alukbond’s production facility currently manufactures the Alukbond brand of aluminum composite panels. (2007)

- Montreal-based CAE acquired Bangalore, India-based Macmet Technologies Limited for approximately C$5 million in cash. (2007)

- Hyderabad-based Matrix Group has entered into a joint venture with Montreal-based Ethica Clinical Research Inc. to create a contract research company, Ethicamatrix Clinical Research Pvt. Ltd. Ethicamatrix will pursue clinical research on biologicals, natural health and drug products and be equally owned by the joint venture partners which plan to invest C$2.6 million to strengthen operations. (2007)

- CCL Industries Inc., a Toronto-based company that provides specialty packaging and labelling solutions for the consumer products and healthcare industries, announced that it plans to invest $25 million over 2008 and 2009 to expand its CCL Label operations in Asia. A new start-up in Pune, India will focus on personal care and healthcare customers. (2008)

- Calgary-based Canoro Resources Ltd., an international oil and gas company operating in the Assam/Arakan basin of northeast India, has finalized negotiations with Essar Oil Limited and Essar Energy Holdings Limited to obtain a 30% participating interest in two exploration production sharing contracts in northeast India. (2008)

Events

The 6^th round of Annual Trade Policy Consultations between India and Canada was held in Ottawa on 29-30 September 2009. The Indian delegation was led by Commerce Secretary Dr. Rahul Khullar and the Canadian delegation by Mr. Louis Levesque, Deputy Minister of Trade. During the meeting, detailed discussions were held on issues of mutual concern such as comprehensive economic partnership, high level structured energy dialogue, cooperation in mining and earth sciences, social security agreement, civilian nuclear cooperation, India-Canada CEO Roundtable, high level visits, etc. Expressing satisfaction on the existing bilateral trade and economic relations, both sides agreed that enormous potential exists to further expand the scope of this relationship, particularly in areas such as agriculture, energy, environment, mining, science and technology, and including culture, etc. Both the delegations stressed the need to take the bilateral trade from the existing level of C$ 4.6 billion (2008) to a much higher level given the opportunities and potential that exists between the two countries. The results of these consultations would be consolidated during the forthcoming high level visits between the two countries.

Saskatoon-based International Road Dynamics Inc., a highway traffic management technology company, has been awarded two contracts for the design and implementation of integrated tolling and traffic management systems in India. The first contract, awarded by Madhucon Projects Limited, is to set up a tolling plaza and provide an integrated traffic management solution in Tamil Nadu. The second contract, awarded by a consortium led by SREI Infrastructure Finance Ltd., is for the implementation of tolling solutions at three connected toll plazas in Madhya Pradesh. The cumulative value of the contracts is C$ 1.5 million approximately.

The British Columbia Province opened a Trade Office in Bangalore, India to help BC’s export-ready companies link to opportunities in India. The office will also promote British Columbia as a destination for investment and trade, and advance bilateral partnerships in research and development. The targeted sectors are: information and communication technology, biotechnology and life sciences, advanced energy and environmental technology, and advanced education.

Ottawa-based International Datacasting Corporation announced that it has received orders valued at over US$ 700,000 for its newly acquired Tiernan vide and audio lines of products from customers in India, Vietnam and Africa. In India, Tiernan;s ABR202A Professional Audio Broadcast Receivers are being employed for the continued expansion of the All India Radio network which provides a variety of programming throughout India and is one of world’s largest radio networks.

Forthcoming Events

Visits

From India

Commerce Secretary, Dr. Rahul Khullar, led an Indian delegation to Ottawa, Canada during 27 September – 01 October 2009 for the 6^th round of Annual Trade Policy Consultations between India and Canada. During his stay in Ottawa, Commerce Secretary held discussions over a working lunch with Minister of Industry, Mr. Tony Clement, and called on Hon’ble Mr. Stockwell Day, Minister of International Trade. Detailed discussions were also held with Ms. Cassie Doyle, Deputy Minister, Department of Natural Resources Canada. In all these meetings, both sides acknowledged the need to work closely to raise the level and scope of existing bilateral relationship to that of strategic partnership. Commerce Secretary interacted with Canadian business leaders such as SNC Lavalin, Bombardier, etc. facilitated by the Canadian Council of Chief Executives. He addressed the board members and other invitees at a dinner reception hosted in his honour by the Indo Canada Ottawa Business Chamber. He also briefed representatives of the Canadian media.

Mr. M. Madhavan Nambiar, Secretary, Civil Aviation and Dr. Nasim Zaidi, Director General, Civil Aviation, India visited Montreal (6-9 October 2009) to attend High Level Meeting of ICAO on International Aviation and Climate Change.

A 3-member delegation headed by Mr. S N Murti, Chairman, CBDT, Ministry of Finance visited Vancouver from 30 August – 4 September, 2009 to attend the 63^rd Annual Congress of International Fiscal Association.

Dr. R. Siva Kumar, CEO, NSDI and Head, NRDMS Division, Department of Science and Technology, India accompanied by Mr. Sanjiv Nair, Joint Secretary, DST visited Ottawa and Vancouver from 28 September till 3 October, 2009 to hold discussions with the Earth Sciences Sector, Department of Natural Resources Canada on the subjects of spatial data infrastructure, remote sensing and its applications in multi-hazards and agriculture. In Vancouver, they visited flood management centre.

Mr. A. Manickam, Joint Secretary, Ministry of External Affairs accompanied by Dr. B N Shetty, Deputy Director General, NIC attended the Fifth Symposium & Exhibition on ICAO Machine Readable Travel Documents, Biometrics and Security Standards from 21 to 25 September 2009 in Montreal.

Mr. Prabhat Kumar, Counsellor, Permanent Mission of India, Geneva and Dr. A. Sudhakara Reddy, Legal Officer, Ministry of External Affairs visited Montreal (8-17 September, 2009) to attend the Special Sub-Committee meeting of the Legal Committee of the International Civil Aviation Organisation.

A 3-member delegation consisting of Mr. T. Mohan Rao, Scientist and Director, Gas Turbine Research Establishment, Ministry of Defence, Bangalore, India, Dr. U Chandra Shekhar, Scientist and Dr. Suresh Srivastava, Scientist visited Montreal from 06-12 September 2009 to attend the International Symposium on Air Breathing Engines (ISABE).

From Canada

Canadian Minister of International Trade Stockwell Day visited Ahmedabad, India during 24-26 September 2009 to open Canada’s eighth trade office in Ahmedabad, Gujarat. Inaugurating the new trade office in Ahmedabad on 25 September, Minister Day said that Canada has created one of Canada’s most extensive trade networks anywhere in the world. The new office will provide market intelligence and expert advice to help Canadian companies to take advantage of trade and investment opportunities in India. Canada already has trade offices in New Delhi, Hyderabad, Mumbai, Kolkata, and Bangalore.

Forthcoming visits

From Canada

Dr. Alain Beaudet, President, Canadian Institute of Health Research (CIHR) will travel to Delhi for the Global Alliance on Chronic Diseases (GACD) meetings on November 5-7, 2009. He will be accompanied by Dr. Pierre Chartand, Chief Scientific Officer, CIHR.

Trade Fairs

South Asia Conclave on Enabling Regulation for Investment in Infrastructure on 3-4 November, 2009 at Hotel Imperial, New Delhi, India.

The key objective of the Investment Conclave is to present the vibrant and evolving policy and regulatory framework in South Asia, which has, over the period played an important role in building, enhancing and channelizing private investments into infrastructure sector. The conclave aims to facilitate a constructive dialogue among all stakeholders to further strengthen regulatory framework and promote investments in the infrastructure sector.

The conclave will be addressed by the key policy makers, regulators and investors from across the region. The conclave will provide a unique opportunity to investors and business community to understand the emerging investment opportunities/projects on offer in member countries of South Asia.

[For complete details, please access website: www.cii.in ]

“Luxurion World 2009”

The Maharashtra Economic Development Council, in association with major Chambers of Commerce of India and MultiNet Worldwide is organizing a show “Luxurion World – 2009” from 7-9 November, 2009 at Grand Hyatt, Mumbai, India.

The show will cater to the ultra luxury products and services from across the globe offering a very good platform to augment international trade.

[For more details, please access website: www.luxurionworld2009.com]

“10^th Auto Expo 2010” from 5-11 January, 2010 at Pragati Maidan, New Delhi, India.

The Automotive Component Manufacturers Association (ACMA), Confederation of Indian Industry (CII) and Society of Indian Automobile Manufacturers (SIAM) is organising the “10^th Auto Expo 2010” from 5-11 January, 2010 at Pragati Maidan, New Delhi, India.

The 10^th Auto Expo 2010 will focus on the theme “Mobility for All” with special emphasis on the need of environment friendly fuels/vehicles, technological advancements, innovative designs. The Expo provides the platform for joint ventures, generating enquiries, one-to-one interaction, brand promotion, industry surveys, promoting exports, etc.

The display highlights of the fair are vehicles, components, accessories, theme pavilion, IT for auto industry, garage and garage equipments, oil and lubricants, auto electronics, leasing/financial companies, insurance companies, battery operated vehicles, CAD/CAM solutions, CNG units, coach builders/”design” vehicles, design concepts and auto finance.

[For complete details, please access website: www.autoexpo.in]

INDONOX 2010 from 16-19 January, 2010 at Ahmedabad, India.

The fair will showcase the attractive house ware, furniture, hardware, machinery etc. by various stainless steel manufacturers and producers. It will be a great opportunity for stainless steel importers as they will get to see live demo of stainless steel products. In the fair 500 stainless steel manufacturers and producers are exhibiting their glorious and attractive stainless steel products with fine and latest innovative designs.

[For complete details, please access website: www.stainlesssteelfair.org]

Tenders

Global Tender Notice No: ZA5RC09012

The Oil & Natural Gas Corporations Ltd. (ONGC), Dehradun, India has invited tenders for “Finalising Training Agency for Conducting Offshore Installation Managers (OIM) and Control Room Operators (CRO) Training” as per details given below:

Tender Fee: USD 1000.00

EMD: USD 6600.00

The closing of tender is on 03 November, 2009 up to 1400 hrs (IST) and the tender will be opened on the same day at 1500 hrs (IST).

[Complete details of the tender and tender documents are available on website: www.ongctenders.net]

Global Tender Notice No. Q18KC09001

The Oil and Natural Gas Corporation Limited, Office of DGM ((MM)-I/C MM), Bassein & Satellite Asset, Mumbai, India invites tenders for “Procurement of Different Types of Valves” as per the details below:

Tender Fee: INR 45000/-

The closing of tender is on November 11, 2009 up to 1400 hrs (IST) and the tender will be opened on the same day at 1500 hrs (IST).

[Complete details of the tender and tender documents are available on ONGC’s website: https://etender.ongc.co.in]

Global Tender Notice No. P4CEC09001

The Oil and Natural Gas Corporation Limited, Office of the GM, Mumbai Region/Drilling Services, Mumbai, India invites tenders for “Purchase of PLC Based Accumulator Unit” as per the details below:

Tender Fee: INR 22,500/-

Earnest Money Deposit: INR 9, 95,400/-

The closing of tender is on December 12, 2009 up to 1400 hrs (IST) and the tender will be opened on the same day at 1500 hrs (IST).

[Complete details of the tender and tender documents are available on ONGC’s website: https://etender.ongc.co.in]

Global Tender Notice No. N1CDC09001

The Oil and Natural Gas Corporation Limited, Office of DGM, Mumbai Region, India invites tenders for “Procurement of Calibration Equipment for Heera Process Complex” as per the details below:

Tender Fee: US$ 50

Earnest Money Deposit: US$ 1,600

The closing of tender is on 27 November 2009 up to 1400 hrs (IST) and the tender will be opened on the same day at 1500 hrs (IST).

[Complete details of the tender and tender documents are available on ONGC’s website: https://tenders.ongc.co.in]

Published by : High Commission of India, Ottawa, Canada

Editor : Deputy High Commissioner

Sub-Editor : Second Secretary (Com)